Since 2004, when negotiations on a free trade agreement between Colombia and the United States began, 10 years ago, when it came into force, this or that journalistic remark. How technology will affect this economic agreement.

The newspapers suggested that the inclusion of technology processes and tools in Colombian companies would work as a way to balance productive conditions between Colombia and the United States.

However, 10 years after the entry into force of this trade agreement, the Center for Economic Research, Cedetrabajo, held a press conference with Acopi, the SME Association, and other entities. 10-year FTA report with the United States.

Enrique Daza, director of the organization, explains that according to the agreements reached in the FTA, investors can not transfer technology because it is not a requirement that limits the technological development of the country. The above, as many countries around the world have achieved some technological advancement, has been the reverse engineering in which they study and attempt to replicate imported equipment and machinery.

Daza, on the other hand, also suggests that the country’s technological advances are limited because Intellectual property laws make technology trade more expensive between the two countries.

Another important aspect is that Colombia is heavily dependent on third-party technology products and services, and although it was largely dependent on the United States, it receives great commercial influence from China.

For Miguel Rodriguez, Colombia’s Cedetrabajo research coordinator, he presented the effect of the replacement because a large number of computer and electronic machines and devices are no longer imported from the United States, but are mostly imported from China. Presumably due to the relocation processes of factories producing electronic and technological equipment.

These facts imply that Colombia has not developed its technology industry and vice versa, the country Failed to diversify its production.

What are Free Trade Agreements

According to the Ministry of Commerce of the Republic of Colombia, these are regional or bilateral agreements between the two countries that regulate the export and import of goods and services without tariffs.

The main goal of free trade agreements is to expand the country’s potential markets for economic and industrial growth.

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